Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ardana123]

You're all right to hold on to some for the future, and I kept a couple just in case, but it does feel really good to have made money and cashed out. For many of the dream chasers here cashing out is a bedtime fantasy. I don't want to dream about it anymore. At what point do you cash out? At retirement or when you have a big purchase and need the money? Never? I hope the price goes to a million a coin and we are all rich off a few coins but I most likely won't live long enough to see that happen.

I haven't spent a coin since Jeremy was selling Amazon cards to Americans. So I've been saving for a long time. Time to spend!

How many coins did you cash out in total?

Just over 1800.

Edit: that's all I've ever had which includes spending at SpendBitcoins.

How are you planning to withdraw it from Gox though? Gonna take the 5% extortion fee?

That can't be helped. I may as we'll tell you, it's almost over now. I have several family members receiving from accounts I helped them make. They will receive the funds and transfer to me slowly. The extortion fee isn't as bad as the tax will be.

Why make several accounts when you can withdraw from one account? It's a procentual fee.

[1714731703]

1714731703

[1714731703]

1714731703

[1714731703]

1714731703

[1714731703]

1714731703

[1714731703]

1714731703

[Parazyd]

All you have hundreds, if not thousands of BTC. What with people that have like, 30?

30 is going to put you in the master race in about 3 years

Care to elaborate a bit? Thanks.

[notme]

what does socialism/entitlement have to do with arrogance? do you have the experience to believe what you say, or do you just make generalizations based on some right libertarian perspective of political system?

u.s. = fuck the poor, dick ride corporations. and u.s. has some of most arrogant people in the world, no question. so what does socialist context have to do with it?

How is feeling entitled to receive a handout not arrogance?

a handout? talk to me when corporations destroy your homeland, make your air unbreathable, destroy your rain forests and kill off your wildlife, all the while paying workers less and less and less? one of the reasons education systems continue to crumble is due to widespread corporate tax avoidance. they take and take and destroy our cultures bit by bit, and it's handout when we say things must change, else they must pay for the privilege? the game was rigged from the start -- fuck a handout. that term is inappropriate when the game was rigged against the poor.

having an opinion that may differ from yours regarding the limits of human dignity and of theft/exploitation, does not make a person arrogant. it is a difference of opinion. arrogance has to due with perception of one's own importance. if one favors equality, to whatever extent, that indicates the polar opposite -- that the importance of others equals their own. in other words, you are very much misusing the word.

Don't lecture me about corporations.  Buy the way, they are just getting started.  I live in the US.  They have stripped us bare already, but nobody around me gives a shit because they are too busy chasing a dream they will never reach but were told everyone could have.

How about the Venezuelan president forcing electronics and appliance sellers to take losses on all their merchandise recently?  That is fucking theft too.  Two wrongs don't make a right.  This is not the first rodeo for the corporations.  You are repeating the mistakes of the people of the United States, and you will wind up just like us unless you just shrug off the system and work on building something new.  Thinking you are important enough that stealing is okay is why I speak of arrogance.

corporations have not stripped u.s. bare, not nearly like elsewhere in the world. if you believe that, then i understand why you hold these opinions -- being from the u.s., whose corporations and government have bled the rest of the world far, far, far more than you and yours. more than you can probably imagine, from the sound of it.

i do not support statism. but i don't cater to this "two wrongs don't make a right" bullshit either. when people have been stolen from for years and generations, i do not judge them for trying to take a piece back. i find that right libertarians say to me, "sure, we agree, fuck the state. but everything that was taken from you as a result? it's for the rich now (who profited from the state), now go pull yourself up by the bootstraps." fuck that. are Palestinians arrogant for protesting the repeated theft of their land? once Israeli settlers take to such land, it becomes theirs, in their eyes. Palestinians are arrogant for feeling entitled to what was stolen from them? i imagine you say yes.

thinking that the whole of humanity is important enough that we rise up against the few that oppress us, again, is not arrogant in the least. even right libertarians would support such a notion, i would think. arrogance is about self-importance, self-entitlement. socialism has never been about that, except maybe for people in the u.s listening to repulicans. i imagine the people who want "government handouts" in the u.s. don't even know what socialism entails. they are just poor.

the "arrogance" of people in the u.s. has absolutely nothing to do with this. when people complain about people from the u.s., it is generally because they hardly recognize the rest of the world exists, and think they are superior to everyone else. this is very far removed from what you are suggesting about the "arrogance" of others. again, i think you are misusing the word. an inflated sense of self-importance has nothing to do with one's political philosophies -- political philosophies are not based in analyses of self. i've met many arrogant anarchists. i've met many arrogant capitalists.

Fine, you're arrogant because you can't stop talking about how much better you are than US citizens .

You don't know shit about what has happened to our populace and our land.  Corporations and wealthy individuals own everything.

http://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States

BTW, I don't buy the whole capitalist-socialist dichotomy.  Everything is shades of gray, and it is the extremes you have to watch out for.

You seem to want to restrict the term arrogance to what is probably better termed "US exceptionalism".  Yes, this is a form of arrogance, but arrogance can take many forms.

[Rampion]

You're all right to hold on to some for the future, and I kept a couple just in case, but it does feel really good to have made money and cashed out. For many of the dream chasers here cashing out is a bedtime fantasy. I don't want to dream about it anymore. At what point do you cash out? At retirement or when you have a big purchase and need the money? Never? I hope the price goes to a million a coin and we are all rich off a few coins but I most likely won't live long enough to see that happen.

I haven't spent a coin since Jeremy was selling Amazon cards to Americans. So I've been saving for a long time. Time to spend!

How many coins did you cash out in total?

Just over 1800.

Edit: that's all I've ever had which includes spending at SpendBitcoins.

How are you planning to withdraw it from Gox though? Gonna take the 5% extortion fee?

That can't be helped. I may as we'll tell you, it's almost over now. I have several family members receiving from accounts I helped them make. They will receive the funds and transfer to me slowly. The extortion fee isn't as bad as the tax will be.

Why make several accounts when you can withdraw from one account? It's a procentual fee.

Because of tax. He made it clear.

[Odalv]

You're all right to hold on to some for the future, and I kept a couple just in case, but it does feel really good to have made money and cashed out. For many of the dream chasers here cashing out is a bedtime fantasy. I don't want to dream about it anymore. At what point do you cash out? At retirement or when you have a big purchase and need the money? Never? I hope the price goes to a million a coin and we are all rich off a few coins but I most likely won't live long enough to see that happen.

I haven't spent a coin since Jeremy was selling Amazon cards to Americans. So I've been saving for a long time. Time to spend!

How many coins did you cash out in total?

Just over 1800.

Edit: that's all I've ever had which includes spending at SpendBitcoins.

How are you planning to withdraw it from Gox though? Gonna take the 5% extortion fee?

That can't be helped. I may as well tell you, it's almost over now. I have several family members receiving from accounts I helped them make. They will receive the funds and transfer to me slowly. The extortion fee isn't as bad as the tax will be.

There is limit $10k USD/ month at gox. -> $500k is 50 man-months :-)  (if any)

[Troll Toll]

rampion,

you abhor debt, but at the same time are dumbfounded why he would sell off his bitcoins so that he can get out of debt.

I sold hundreds of bitcoins back in march/april to eliminate myself of debt, and i regret NOTHING.

[Rampion]

You're all right to hold on to some for the future, and I kept a couple just in case, but it does feel really good to have made money and cashed out. For many of the dream chasers here cashing out is a bedtime fantasy. I don't want to dream about it anymore. At what point do you cash out? At retirement or when you have a big purchase and need the money? Never? I hope the price goes to a million a coin and we are all rich off a few coins but I most likely won't live long enough to see that happen.

I haven't spent a coin since Jeremy was selling Amazon cards to Americans. So I've been saving for a long time. Time to spend!

How many coins did you cash out in total?

Just over 1800.

Edit: that's all I've ever had which includes spending at SpendBitcoins.

How are you planning to withdraw it from Gox though? Gonna take the 5% extortion fee?

That can't be helped. I may as well tell you, it's almost over now. I have several family members receiving from accounts I helped them make. They will receive the funds and transfer to me slowly. The extortion fee isn't as bad as the tax will be.

There is limit $10k USD/ month at gox. -> $500k is 50 man-months :-)  (if any)

With apostilled documents you can do $100k per day and $500k per months. I guess most of the people with +1,000 coins already sent apostilled documents, and I'd suggest to those holding as much as a few hundred coins to get the higher levels of trust in their exchanges, "you never know when you might need it"

[ardana123]

You're all right to hold on to some for the future, and I kept a couple just in case, but it does feel really good to have made money and cashed out. For many of the dream chasers here cashing out is a bedtime fantasy. I don't want to dream about it anymore. At what point do you cash out? At retirement or when you have a big purchase and need the money? Never? I hope the price goes to a million a coin and we are all rich off a few coins but I most likely won't live long enough to see that happen.

I haven't spent a coin since Jeremy was selling Amazon cards to Americans. So I've been saving for a long time. Time to spend!

How many coins did you cash out in total?

Just over 1800.

Edit: that's all I've ever had which includes spending at SpendBitcoins.

How are you planning to withdraw it from Gox though? Gonna take the 5% extortion fee?

That can't be helped. I may as well tell you, it's almost over now. I have several family members receiving from accounts I helped them make. They will receive the funds and transfer to me slowly. The extortion fee isn't as bad as the tax will be.

There is limit $10k USD/ month at gox. -> $500k is 50 man-months :-)  (if any)

He must have his whole family withdrawing then? looool

[Rampion]

rampion,

you abhor debt, but at the same time are dumbfounded why he would sell off his bitcoins so that he can get out of debt.

I sold hundreds of bitcoins back in march/april to eliminate myself of debt, and i regret NOTHING.

I see, its just that it takes a while to me to understand because i've NEVER been in debt in my life. NEVER.

[notme]

http://www.washingtonpost.com/business/fec-donors-cant-use-bitcoins-for-contributions/2013/11/21/53764d46-52ca-11e3-9ee6-2580086d8254_story.html

Any way of shorting the US?

But the FEC isn’t yet sold on allowing bitcoins to funnel into the bank accounts of political campaigns and outside groups supporting them, and commissioners deadlocked 3-3 along party lines Thursday.

lol

[YoYa]

We got movement!

[BRADLEYPLOOF]

We got movement!

Finally...been waiting since we hit 770 earlier and I missed my opportunity to make a little coin...I need it to go back up so it's worth selling, then using my goxbux to buy low again...it just aint happenin' for me right now though...

[adamstgBit]

We got movement!

come to papa

[notme]

We got movement!

It's down.... prepare your fiat!

[Templer]

ay i hope it goes deeeep

[ardana123]

There's still time to sell, do it now or lose everything.

[maz]

If China holds, gox holds!

[Richy_T]

Again???

Just confirmed this is the data received from Gox. Next to check that the timestamp that comes with it makes sense.

Looking at the timestamps, that one was from yesterday. The one before it is also out of order and there's one that failed. It's either Gox or Comcast.

11 66321000 64889019 81059000 81400000 2013-11-21 19:10
12 66180712 64889019 80887536 81400000 2013-11-21 19:11
13 64036818 64889019 78267222 81400000 2013-11-21 18:14
17 Failed
18 52462154 64036818 64120410 81400000 2013-11-20 19:35
21 66280541 52462154 81009551 81400000 2013-11-21 19:15
22 65741220 52462154 80350380 81400000 2013-11-21 19:21

I'll add in some code to verify that the timestamp is at least in the correct ballpark.

[Voodah]

You're all right to hold on to some for the future, and I kept a couple just in case, but it does feel really good to have made money and cashed out. For many of the dream chasers here cashing out is a bedtime fantasy. I don't want to dream about it anymore. At what point do you cash out? At retirement or when you have a big purchase and need the money? Never? I hope the price goes to a million a coin and we are all rich off a few coins but I most likely won't live long enough to see that happen.

I haven't spent a coin since Jeremy was selling Amazon cards to Americans. So I've been saving for a long time. Time to spend!

I understand you, I guess it also depends on your circumstances. But I have to admit it strikes me just because I wouldn't do what you did (and in fact I'm not doing that, but cashing out very slowly and progressively). I mean, 20% of what you cashed out is already $100k, which is a reasonable amount. Let's say that $100k buys you 1 year of comfortable life while you still ride this choo choo train with 80% of your holdings. Its so clear for me that's the only way to go with BTC, to hold with as many coins as possible to see if it realizes its potential and the long-term trend continues, that it strikes me to hear stories like yours. But again: I guess its a matter of circumstances too. Congrats and enjoy

You're probably not as old as I am either. lol

It has surfaced in several studies that the #1 (by a big margin) regret of people in their deathbed is they should've have stopped worrying about money/work sooner and spend more time with their families enjoying life.

You have more than enough. You will never regret your decision. You may end up with a couple less future millions but meh.. it's not really about that.

[Troll Toll]

It's awesome that you have never been in debt, really it is. Most of us aren't in that position, however.

To me the decision was simple: small chance of very high wealth through holding bitcoins vs guarantee of being out of debt.

By no means did I sell all of them, but I'm happy with how I played the game. You can't go broke taking profits.